- To offset disability and attract investments in Electronic manufacturing.
- M-SIPS scheme aims to provide a special incentive package to boost domestic electronic product manufacturing sector and move towards Union Government‘s goal of Net Zero imports‘ in electronics by 2020.
More about the scheme:
- The scheme provides capital subsidy of 20% in SEZ (25% in non-SEZ) for units engaged in electronics manufacturing. It also provides for reimbursements of CVD/ excise for capital equipment for the non-SEZ units.
- Unit receiving incentive will provide undertaking to remain in commercial production for at least 3 years.